Tesla Motors rises to record high

Tesla Motors Inc. rose to a record high after a Stifel Nicolaus & Co. report claimed the electric carmaker’s increasing production output could allow the company increase its value to $400 a share. That’s even before starting to make the announced lower-priced model.

Tesla rose 5.3% at the beginning of September to $284.12, the highest closing price since June 2010 when it got an initial public offering. The stock had previously closed to a record also on August 29.

James Albertine, equity analyst with Stifel, wrote in a note to investors on September 1 that the company “appears to have carved out a defensible niche in the global market for luxury electric vehicles, and based on our recent tour of the Fremont, CA, facility, a sizable head start with respect to production. [Tesla] is on track (if not ahead of plan) to achieving a 1,000 unit per week production rate by year-end 2014.”

Albertine then upgraded his rating on Tesla to buy from hold with a target price of $400. The Tesla shares have been rapidly growing lately, up 89% this year, while the company has also increased its sales of premium Model S sedans, priced around $71,000, entering China, with plans of starting deliveries in Japan as well. The youngest publicly traded U.S. automaker plans to add the Model X electric sport-utility vehicle in 2015 and the Model 3, which is a smaller, more affordable premium sedan by 2017.

An extended video with the recently unveiled BMW X5 xDrive40e has been released by the German based automaker.
The BMW X5 xDrive40e is being highlighted once again these days, this time with the help of an extended clip which is explaining some of the features of the model. The plug-in hybrid ...